Asian Development Bank President Haruhiko Kuroda Discusses Leading Roles for Economies in the Post-crisis Global Economic Order

For Immediate Release

Recovery & Future Challenges in Asia & the Pacific

Tuesday, March 2, 2010, Noon, at Japan Society

アジア太平洋の経済回復・発展に向けて～アジア開発銀行の取り組み～

New York, NY – Asian economies have been remarkably resilient post-global economic crisis, many posting growth rates any developed western economy would be proud of under any circumstance. What is Asia's role moving forward? How will the interdependence of Eastern and Western economies play out? How can both the East and West rebalance their economies? Haruhiko Kuroda, President, Asian Development Bank, explores these questions and more in Japan Society Corporate Program's Recovery & Future Challenges in Asia & the Pacific. Presided by Daniel Bases, Global Investment Correspondent, Reuters, the discussion takes place March 2 at Japan Society.

While developing Asia was hit hard by the global economic crisis, timely monetary easing and fiscal stimulus kept domestic demand sufficient to begin the V-shaped recovery currently forecast. The region must now emphasize greater domestic demand to maintain robust--and inclusive--economic growth. By thinking globally, coordinating regionally, and acting nationally, the region can be effective in contributing to the global economic order, including through forums such as G20. Asian Development Bank President Haruhiko Kuroda discusses the ADB’s role in promoting this process through increased lending, policy advice, and in technical assistance to benefit all stakeholders.

Agenda: Noon, registration and reception; 12:30, luncheon; 1-2, lecture and Q&A.

Admission: $65 lunch and lecture/$15 lecture only. Japan Society Corporate Members are entitled to a designated number of FREE admissions based on their company's membership level. Discounted rates are available for additional Japan Society Corporate Members, certain individual members, government officials and academics. To register or for more information, please email register@japansociety.org, visit www.japansociety.org/corporateevents, or call 212-715-1208.

Haruhiko Kuroda is the President of the Asian Development Bank (ADB) and the Chairperson of ADB's Board of Directors. He was elected President by ADB's Board of Governors in November 2004 and was reelected in November 2006 for a new five-year term. Before joining ADB, Mr. Kuroda was Special Advisor to the Cabinet of Japanese Prime Minister Junichiro Koizumi and a professor at the Graduate School of Economics at Hitotsubashi University in Tokyo. In a career spanning nearly four decades, Mr. Kuroda has represented Japan's Ministry of Finance at a number of international monetary conferences as Vice Minister of Finance for International Affairs. During his terms as Director-General of the International Bureau and as Vice Minister of Finance between 1997 and 2003, Mr. Kuroda helped design and implement the US$30 billion Miyazawa Initiative – Japan's response to Asian economies hit by the 1997-1998 financial crisis. Mr. Kuroda as authored several books on monetary policy, exchange rate, international finance policy coordination, international taxation, and international negotiations.

Daniel Bases is a veteran print and broadcast correspondent who has covered financial and general news for nearly 20 years. Daniel has worked for Reuters for the past 12 years on assignments in Latin America, Asia, Europe and the United States. Prior to joining Reuters he was a producer at CNN Business News in New York. He is a former President of the New York Financial Writers' Association and was named a Knight-Bagehot Fellow for Business and Economic Journalism in 1999. He graduated from Columbia College with a degree in history, studied at the University of Edinburgh, Scotland and earned a masters degree from the Columbia University Graduate School of Journalism.

Established in 1907, Japan Society has evolved into North America's major producer of high-quality content on Japan for an English-speaking audience. Presenting over 100 events annually through well established Corporate, Education, Film, Gallery, Language, Lectures, Performing Arts and Innovators Network programs, the Society is an internationally recognized nonprofit, nonpolitical organization that provides access to information on Japan, offers opportunities to experience Japanese culture, and fosters sustained and open dialogue on issues important to the U.S., Japan, and East Asia.

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Recovery & Future Challenges in Asia & the Pacific is sponsored by Citigroup Inc.; Continental Airlines; Deloitte & Touche, LLP; Mizuho Securities USA; and Toyota Motor North America.

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Media Contacts:

Shannon Jowett
Japan Society
T: 212-715-1205
F: 212-715-1262
E: sjowett@japansociety.org

Kuniko Shiobara
Japan Society
T: 212-715-1249
F: 212-715-1262
E: kshiobara@japansociety.org